TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS STRAITS ENERGY RESOURCES BERHAD ("STRAITS" OR THE "COMPANY") - PROPOSED DISPOSAL OF TUGBOATS T.G. VICTORIA 1 AND T.G. VICTORIA 3 BY VICTORIA 1 LIMITED AND VICTORIA 3 LIMITED RESPECTIVELY, WHICH ARE WHOLLY-OWNED SUBSIDIARIES OF VICTORIA STS (LABUAN) SDN BHD, AN INDIRECT SUBSIDIARY OF STRAITS
| STRAITS ENERGY RESOURCES BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS |
| Description | STRAITS ENERGY RESOURCES BERHAD ("STRAITS" OR THE "COMPANY")
- PROPOSED DISPOSAL OF TUGBOATS T.G. VICTORIA 1 AND T.G. VICTORIA 3 BY VICTORIA 1 LIMITED AND VICTORIA 3 LIMITED RESPECTIVELY, WHICH ARE WHOLLY-OWNED SUBSIDIARIES OF VICTORIA STS (LABUAN) SDN BHD, AN INDIRECT SUBSIDIARY OF STRAITS |
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The Board of Directors of Straits (“Board”) wishes to announce that the Company’s indirect subsidiaries, Victoria 1 Limited (“Victoria 1”) and Victoria 3 Limited (“Victoria 3”), have on 21 October 2025 entered into separate Memorandum of Agreement (“MOAs”) with Sealion Limited (“Sealion” or “Purchaser”) for the disposal of two (2) tugboats named T.G. Victoria 1 and T.G. Victoria 3 for an aggregate disposal consideration sum of RM8,498,587.00.
Please refer to the attachment for further details.
This announcement is dated 21 October 2025. |
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Please refer attachment below.
Announcement Info
| Company Name | STRAITS ENERGY RESOURCES BERHAD |
| Stock Name | STRAITS |
| Date Announced | 21 Oct 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-21102025-00087 |